Just Eat (JE) Downgraded to “Hold” at Canaccord Genuity
Just Eat (LON:JE) was downgraded by stock analysts at Canaccord Genuity to a “hold” rating in a report issued on Friday. They presently have a GBX 700 ($9.67) target price on the stock, down from their previous target price of GBX 850 ($11.74). Canaccord Genuity’s target price suggests a potential downside of 0.68% from the stock’s current price.
A number of other research firms have also issued reports on JE. Peel Hunt upped their price target on Just Eat from GBX 895 ($12.37) to GBX 1,199 ($16.57) and gave the company a “buy” rating in a research report on Wednesday, February 21st. Liberum Capital restated a “buy” rating and issued a GBX 935 ($12.92) price target on shares of Just Eat in a research report on Tuesday, March 6th. Credit Suisse Group upped their price target on Just Eat from GBX 870 ($12.02) to GBX 1,050 ($14.51) and gave the company an “outperform” rating in a research report on Thursday, March 1st. Morgan Stanley upped their price target on Just Eat from GBX 760 ($10.50) to GBX 790 ($10.91) and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, Goldman Sachs restated a “conviction-buy” rating and issued a GBX 920 ($12.71) price target on shares of Just Eat in a research report on Friday, November 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Just Eat has an average rating of “Buy” and an average price target of GBX 853.81 ($11.80).
Shares of Just Eat (LON JE) traded down GBX 12.80 ($0.18) during trading on Friday, hitting GBX 704.80 ($9.74). The company’s stock had a trading volume of 3,136,607 shares, compared to its average volume of 3,730,000. Just Eat has a fifty-two week low of GBX 544 ($7.52) and a fifty-two week high of GBX 906 ($12.52). The firm has a market capitalization of $5,130.00 and a PE ratio of -4,698.67.
Just Eat plc is a United Kingdom-based operator of digital marketplace for takeaway food delivery. The Company’s segments include the UK, Australia & New Zealand, Established Markets and Developing Markets. The Established Markets includes Benelux, Canada, Denmark, France, Ireland, Norway and Switzerland.
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